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RNC, DNC= Jobs?

Tampa Bay and Charlotte: two cities shining brightly in the American spotlight. Tampa, for hosting the Republican National Convention (RNC) going on now and Charlotte, which will be hosting the Democratic National Convention (DNC) next week.

Beyond the bright lights and speeches lies the formation of the number one metric that these politicians and policy-makers promise to create: Jobs.

To local businesspeople and those looking to add to the local job numbers, the conventions are a potential gold mine.

Tampa and Charlotte both are hoping to make favorable and promising impressions to their guests. And make no mistake about it, businesspeople, the ones that make the big and final decisions, will be amongst those guests. So Tampa and Charlotte, respectively, are looking to make great gains from those decision-makers.

The story goes a little something like this: Let's just say local business leaders and economic developers in Tampa, find out whose going to be in town for the big convention. In their digging, they find out Mr. Bigg Wallet, President & CEO of Wallet Inc., a multi-million dollar steel manufacturer, is in fact going to be attending the convention. They contact Mr. Wallet's office and schedule a meeting with him once he comes to town and at this meeting, they market all of the wonderful things their city has to offer and why it is a shining star for new business and great quality of life.

Mr. Wallet may not be looking to open up a new plant right away, but the hope is that if/when Wallet Inc. does decide to open a new plant, Tampa will be on the short list of cities he will strongly consider; and in a perfect world, he will indeed select Tampa. As a result he will create thousands of jobs for Tampa residents and thus bring money and more prosperity to the region.

This is exactly what's happening in Tampa, even as you read. Tampa's business leaders and elected officials are uniting in busying themselves in painting a picture of their city that I'm sure even Michelangelo would be proud of.

Now flying north, Charlotte is bracing itself for a busy upcoming week. Charlotte Chamber of Commerce CEO Bob Morgan recently made reference to a plan to target 32 specific companies in a span of three days and the Democratic National Institute has planned a private tour of the city to 150 foreign dignitaries attending the DNC.

Although none of these lavish efforts will guarantee new jobs and millions in business investment, there is, still, the chance that these lavish efforts will lead to new jobs and millions in business investment.

In the end, just like the presidential race itself, courting these businesses and businesspeople is all a numbers game. It will be interesting to see what new businesses choose Tampa and Charlotte as a direct or indirect result of the 2012 national conventions.

Before I go, I'll leave you with five reasons as to why business attraction are important:

  1. Creates Jobs- this, after all, is the one metric politicians love to tout. More jobs increases the overall health of the community.
  2. Enhances Tax Base- more money to maintain and improve local services such as roads, parks, and EMS, without raising taxes.
  3. Shapes the Community's Future- businesses eventually become part of the long-term strategic plan for the government, economic developent agencies, and other businesses.
  4. Boosts Reputation- the businesses in a region have a way of characterizing the region.
  5. Encourages Spin-Offs- more business leads to, well, more business (both linkages and competitors).

Thanks for stopping by and God Bless


* Please say a prayer for the lives of those affected by Hurricane Isaac in the Gulf Coast*
 
 
 

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